Highlights
- Premier stockholders to receive USD 28.25 per share in an all-cash transaction.
- Deal values company at 23.8% premium to 60-day average price.
- Transaction is expected to close in the first quarter of the calendar year 2026.
Premier, Inc. (NASDAQ:PINC) announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital. The agreement has been unanimously approved by the Premier’s Board of Directors.
Under the terms of the deal, Premier stockholders will receive USD 28.25 in cash per share. This represents a 23.8% premium to the company’s 60-day volume-weighted average price as of September 5, 2025.
Michael J. Alkire, President and CEO of Premier, added, “Since going public in 2013, Premier has leveraged our access to capital to build unmatched supply chain expertise, world-class technology, and nationally recognized advisory capabilities that enable our members to continuously improve their cost, quality, and operational efficiencies. Now, as the health care landscape continues to rapidly evolve, transitioning to private ownership will once again enhance the Company’s financial flexibility and provide additional resources to accelerate the advancement and tech-enablement of our product portfolio, capitalize on emerging opportunities and continue pushing the envelope of innovation. I am proud of everything our team has achieved and look forward to building on our progress as we continue delivering real results for our members, contracted suppliers, customers and other stakeholders.”
The transaction is expected to close by the first quarter of 2026, subject to stockholder and regulatory approvals and customary closing conditions. Upon completion, Premier will become a private company, and its common stock will no longer be listed or traded on public exchanges.
Advisors for the transaction include Goldman Sachs & Co. LLC, BofA Securities, Inc., and Wachtell, Lipton, Rosen & Katz for Premier, while Patient Square is advised by Kirkland & Ellis LLP, Ropes & Gray, Jefferies LLC, Santander, and Perella Weinberg Partners LP.